Tesla, SpaceX shares fall amid Democratic control of Congress
Photo: Crypto Briefing
Tesla and SpaceX shares have experienced significant declines following recent political developments in the United States. Tesla’s shares have fallen by 10%, while SpaceX has seen a 7.5% drop. This downturn coincides with the Democratic Party gaining control of Congress after the midterm elections, which appears to have raised investor concerns about increased scrutiny on Elon Musk’s federal-contracting interests and potential complications for a merger between the two companies. Tesla’s shares have been under pressure throughout 2026, with this latest drop contributing to a 14% decline for the year.
Source: Crypto Briefing
